الرئيس التنفيذي لدراية المالية السعودية:الشركة ثالث أكبر وسيط في السوق المالية بحصة تزيد عن 10%
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00:00 "For Deraaia, we are the third largest medium in the Saudi financial market.
00:09 We have reached a share of 10% or slightly more than 10% in the past months.
00:16 Thank God, thanks to the trust of our investors and the trust of God,
00:21 we were able to maintain this share and develop it in the past period.
00:27 The products we offer, which are mostly fully electronic,
00:34 have contributed to the acquisition of this place in the market.
00:40 We hope to continue to develop our system in a way that serves the traders consistently.
00:46 We have worked with the traders in the past years in several initiatives,
00:52 the most prominent of which was the launch of the Saudi futures market
00:57 and the launch of the options contracts for individual shares.
01:02 All of this, God willing, contributes to a greater and greater momentum in the Saudi financial market.
01:09 You may also publish reports on the market.
01:13 What do you think of this year, 2024?
01:16 Also, 2023, how was it for many sectors in your opinion?
01:23 Thank God, the company had a good growth of about 15% or 20% compared to the past year.
01:34 A good growth in the company's profitability.
01:37 And thank God, this was due to the good results we saw in the financial markets during 2023.
01:45 We had a number of successes, whether in trading or in managing assets.
01:50 We had a good growth in the size of our business in general.
01:53 In the local market, we saw a good growth in the trading volume during the past month and a half.
02:04 We rose from the 5 billion Riyal level to 10 billion Riyal.
02:11 All of this contributed positively to the investors' morale.
02:15 We saw a big growth in the trading volumes in the market.
02:20 All of this gives a positive message to the investors' desire to buy shares.
02:25 And it took the opportunity that today the interest rates and the cost of money will be in a downward trend
02:32 during the coming months, especially in the second half of this year.
02:38 We think this is a good opportunity to buy shares.
02:41 We noticed that some of the main sectors are clearly prominent in the market,
02:47 such as energy and banking.
02:49 But the other main sectors, such as raw materials and petrochemicals,
02:53 have been less prominent in some sessions.
02:58 What are your expectations for the petrochemical sector in this year?
03:03 The sector is still under great pressure in terms of prices.
03:08 The prices of the products are still high.
03:11 We have not seen a big improvement so far.
03:14 But I think that if we look at the sector in a long-term cycle,
03:18 we are not far from the bottom.
03:23 If you look at the long-term investment, this sector is good for investment.
03:29 But it still has a number of challenges before we see a big improvement in prices and products.
03:36 As for other sectors, we notice that the banking sector has been moving well in recent weeks.
03:44 We have seen a good movement for the Rajhi share.
03:47 We have seen a good movement for the Ahli shares, which are one of the market leaders.
03:54 I think this has re-rated the profit margins and the prices of these shares.
04:01 All of this was in support of good profit margins in banks in general.
04:05 The trend now is towards a low interest rates in the second half of the year.
04:09 This will reduce the cost of money on banks.
04:12 I think this will contribute to better payment of bank profits.